Canagold Resources Ltd T.CCM

Interesting Factoid

[MisterMarket]

During the proxy battle one of Sun Valley's points was that nothing was done on New Polaris for 28 years.    There is another deposit in the same situation.  NovaGold's Donlin project, 39 million ounces of 2.54 gm gold.  It was discovered 25 years ago and is at the same stage of development as New Polaris.  Both companies are preparing for final feasbility studies.  No big deal was made of NovaGold's tardiness.

[SunValleyInv]

It would never have occurred to me to compare Canagold to Novagold's progress with Donlin, which is the largest undeveloped gold deposit in the world. But assuming it is a valid comparison, then I suspect that if Canagold had spent 30 years getting to an M&I of 34Moz and a market cap of 2B$ then probably no big deal would have been made about their tardiness either. Unfortunately for